Executive officers of Stuart Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference sources.

Source of Estimate	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Sales manager	$	381,000		$	306,000		$	287,000		$	486,000
Marketing consultant		511,000			457,000			417,000			648,000

Stuarts past experience indicates that cost of goods sold is about 65 percent of sales revenue. The company tries to maintain 10 percent of the next quarters expected cost of goods sold as the current quarters ending inventory. This years ending inventory is $24,000. Next years ending inventory is budgeted to be $25,000.

Required

1. Prepare an inventory purchases budget using the sales managers estimate.

2. Prepare an inventory purchases budget using the marketing consultants estimate.

Prepare an inventory purchases budget using the sales managers estimate. (Round your final answers to nearest whole dollar amount.)

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Sales	$381,000	$306,000	$287,000	$486,000
Total inventory needed	0	0	0	0
Required purchases	$0	$0	$0	$0

Prepare an inventory purchases budget using the marketing consultants estimate. (Round your final answers to nearest whole dollar amount.)

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Sales	$511,000	$457,000	$417,000	$648,000
Total inventory needed	0	0	0	0
Required purchases	$0	$0	$0	$0